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COUNTY FINANCING INTEREST RATES <br />Historical Amounts Compared to Interest Rate Benchmarks <br />Calendar Year Countv Rate <br />2025 (Recommended) <br />7.75% <br />2024 <br />8.50% <br />2023 <br />7.50% <br />2022 <br />3.25% <br />2021 <br />3.25% <br />2020 <br />4.75% <br />2019 <br />5.50% <br />2018 <br />5.00% <br />2017 <br />5.00% <br />2016 <br />5.00% <br />2015 <br />5.75% <br />2014 <br />5.75% <br />2013 <br />5.75% <br />2012 <br />5.75% <br />2011 <br />5.75% <br />2010 <br />5.75% <br />Historical Interest Rates <br />Note: On February 5, 2002, the Board of County Commissioners adopted a minimum interest rate of 5.75%. This rate is equivalent to the interest rate on County <br />utility revenue bonds. This prevents the County from lending at lower rates than our own borrowing costs. After early payoff of Series 2005 Water & Sewer <br />Revenue bonds in 2015, the maximum interest rate on utility bonds is 5.00%, therefore, on December 15, 2015, the Board of County Commissioners approved <br />decreasing the minimum interest rate to 5.0%. Due to the early payoff of the Series 2009 Water & Sewer Revenue Bonds in 2019, the Board of County <br />Commissioners approved waiving the minimum interest rate, thus tying the County financing interest rate to the prime interest rate annually. <br />F:\Budget\agenda items\agenda 202425\Interest Rate History Chart <br />178 <br />